Question: Dubois Inc received equipment as a donation The equipment has

Dubois Inc. received equipment as a donation. The equipment has a fair value of $55,000. Prepare the journal entry to record the receipt of the equipment under each of the following assumptions:
(a) The equipment was donated by a shareholder.
(b) The equipment was donated by a retired employee.

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  • CreatedSeptember 18, 2015
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